This is an editorial opinion piece by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transferring to the Finance Corps.
Subjective values have no way of enforcing objective measures and open to society a series of actions against freedom and against the individual for a better purpose.
The main problem is that individuals who don’t take bitcoin seriously have determined that their lack of subjective value justifies censorship of energy use, among other things, in the name of social good. I don’t think they realize the precedent they’ve set.
- It’s not hot enough, so we’re killing the power to your air conditioner.
- Watching “The Kardashians” is a waste of electricity, so we’re reducing the amount of electricity entering your home.
- It’s still not cold enough, so we’re cutting off the gas for your furnace.
- Your vehicle is too big for you to drive alone, so we’ll limit your ability to buy fuel.
- Bitcoin is a waste of energy, so we need to ban mining or change the code.
All statements are essentially the same. Someone else is enforcing their subjective values. Although these examples seem stupid at first glance, I never thought that a farmer would have to protest to continue farming until it started happening in the Netherlands.
Things like this are always justified for the greater good of society.
“It is necessary for the individual to finally realize that his ego is of no importance to the existence of the nation, that the position of the individual depends only on the interests of the nation as a whole.” – Adolf Hitler
There are no groups. No group effect. Only individuals. While we work together to form a society, society cannot be affected, only individuals.
Keynesian values revealed
I will never forget the callous math used to justify the minimum wage increase in my macroeconomics class in high school. Given the estimated supply and demand curves, we have to calculate the increase in unemployment relative to the increase in the wages of those still employed after the minimum wage increase.
To get an A+, your conclusion must affirm the decision to raise the minimum wage. The way the equations were written dictated the outcome in the first place: Wage gains will always outweigh unemployment losses.
Applied to a real situation, it is not difficult to imagine this being true for all policy decisions. Estimate equations to do some math to generate more estimates. We have the exact result we want, and our math supports that. Science, baby.
What about Personal?
I did all the math correctly, but my recommendation is where I lose points:
“I do not recommend raising the minimum wage because it leads to an increase in unemployment. Forcing people out of their jobs is unethical.”
The professor, who wrote her thesis on the elasticity of demand for staples in sub-Saharan Africa – estimated using estimates with meager real-world values - was flag dismisses concerns about using unemployment insurance as a justification. And it was the #1 ranked Public Policy school in the US at the time.
“Damn it. Let them become dependent on the government”.
Any action against an individual can be justified by the greater good of society. There are no restrictions and that slope is steep and slippery.
Good Riddance Keynes
I think the intellectual resistance to bitcoin is because, at least subconsciously, they know they will lose the power to try and correct society off their ivory tower.
A thousand people losing their jobs is fine as long as they remain meaningless statistics in pseudoscientific mathematical equations.
And the single mothers, single dads, first-generation American family of five, are struggling day by day to live a meaningful and dignified life, to show their children that they can earn money. What does money and support mean? As I made those calculations, I couldn’t help but think of the shattered faces of the shattered, running home to tell their families that they had failed that day, that the scale of their existence in this broken fiat world just leaning forward, that their future is now uncertain.
If I need to lie to myself to get an A on an economics paper, I’m fine with telling the truth.
Bitcoin and Marionette
I can listen to the famous bitcoin Dr. Jordan Peterson hourly. To be honest, I have and will continue to do so. His linguistic aptitude is superbly demonstrated in this analysis of children’s stories.”Pinocchio. “
Pinocchio’s journey causes him to accept responsibility when he goes into the belly of the monster to save his father. Self-actualization leads to being human. Daily responsibility is the action of daily hero. There is no responsibility, we have nothing. And there is no scarcity, never accountability at the macro and policy level of society.
The journey to the bitcoin standard leads to radical self-accountability and severing the relationship of control from the so-called experts who desperately want to control you. We will no longer be puppets, puppets dancing all our lives at the end of a fiat string.
We will no longer be statistics and aggregates, portions of overly complicated and purposeful equations used to justify sacrifices in the name of the common good. It will no longer be possible on bitcoin standards. With scarcity returned to the market, blanket orders will no longer be financially viable.
There is no society without individuals. No social influence. Only individuals make profit decisions. Personal sacrifice is and always will be immoral. If you want a better society, accountability is probably a good place to start. Bitcoin fixes this.
This is a post by Mickey Koss. The opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC Inc. or Bitcoin Magazine.